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Coinbase-backed Base just exposed the uncomfortable truth about Ethereum’s L2s

Ethereum and Coinbase-backed layer-2 network Base have abandoned an effort to agree on how the next generation of crypto wallets should work. On Sept. 14, Ethlabs researcher Derek Chiang said collaboration between developers working on Ethereum’s EIP-8141 Frame Transactions and Base’s EIP-8130 broke down last week after attempts to produce a shared account-abstraction standard failed to […]

CryptoSlateCryptoSlateOluwapelumi Adejumo15 Sept

CLARITY Act’s ‘final’ deal is already breaking down before tomorrow’s Senate vote

Opposition to the CLARITY Act widened on Sept. 14 as banks, Democrats, state attorneys general and developer advocates rejected key compromises. The backlash came hours after Senate Republicans released what they described as their final version of the landmark crypto market-structure bill, incorporating 126 substantive changes Democrats requested and new provisions to resolve disputes over […]

CryptoSlateCryptoSlateOluwapelumi Adejumo14 Sept

Bitcoin ETFs just lost $463 million as the Fed puts BTC at risk of losing $75,000

US spot Bitcoin exchange-traded funds (ETFs) posted $462.7 million in weekly outflows, ending a three-week stretch of heavy investor demand. The funds recorded withdrawals across all four trading sessions in the holiday-shortened week, marking their first weekly loss since mid-August. SoSoValue data showed net withdrawals of $46.7 million Tuesday, the first trading day after the […]

CryptoSlateCryptoSlateOluwapelumi Adejumo14 Sept